Hwy Haul, a digital platform connecting produce shippers with truckers, announced it had closed on $10 million in funding Wednesday.
The latest round of funding brings the company’s total funding to $20.6 million, officials said. The latest round of funding was led by Eileses Capital and included investments from True Blue Partners, BluePointe Ventures, and FDC Partners.
“The past two years have underscored the importance of efficient, transparent, and resilient supply chains. At Hwy Haul, we are committed to being a part of the solution, helping digitize the value chain for perishable goods while elevating the experience for shippers and carriers,” said Syed Aman, founder and CEO of Hwy Haul. “We are excited to enter this next phase of our company’s growth in partnership with our investors, shippers, and carriers.”
The company uses sophisticated optimization algorithms, Artificial Intelligence, and Machine Learning to provide a digital platform for shippers and carriers to access reliable truckers, making on-demand shipping more attainable. The platform also works to simplify internal operations and keep costs low, eliminating intermediary friction and reducing waste.
“The food and fresh produce supply chain is a vital network affecting multiple industries, and it faces immense challenges today,” said Kishore Bopardikar, founder and managing partner at Eileses Capital. “We are excited to lead this investment round for Hwy Haul as they digitize the overall supply chain experience, making it more accessible and affordable for all parties.”